Trade Forex Trading

How to Open a Live Indices Account - Step by Step Procedure

To open a Live Indices Account you can go to a online broker website and open one. Once you go to the Indices broker of your choice and select this option, you'll then have to fill some online forms, step by step guide of filling these forms is explained in this lesson.

With this online account you can trade the following: Index, Gold, Silver, Oil, CFDs, Futures & Indices.

Step by Step Procedure of How Do You Open an Online Indices Account?

To open this live trading Indices account, a trader has to fill some online forms provided by a Indices broker. The account opening online form can be obtained and gotten from your online currency broker.

Process of registering a real Indices account is one that the broker will also require you to upload the following accompanying docs:

What Documents Are Needed To Sign Up An Online Index Account?

1. Proof of ID - Color copy of Identity card or Passport - A color copy of valid passport document or any other official ID document issued by authorities (e.g. Driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, client's place and date of birth or tax identification number & the client's signature.

2. Proof of Residence - A Recent utility bill (e.g. Gas, water, electricity, phone, oil, Internet and/or pay TV connection, bank account statement) dated within last 6 months & confirming your registered residence address.

You can use your mobile to take pictures of these documents & upload then directly from your phone(this is the best option). Alternatively use your digital camera, upload the snapshots to your PC Desktop computer then upload these saved documents to your trading account

To Find where to upload these docs look for the option/choice 'Upload Documents'. Please note after signing up your trading account it'll not get validated until you have completed uploading these supporting documents.

Why is a Copy of Identity Card & Utility Bill with My Names Needed?

These documents are required by your broker to safe-guard against any money laundry. AML, or Anti Money Laundry Rule require that all brokers ask proof of Identity & Residence Address with your full name so as to verify that you're a resident citizen of the country you say you're from and also a Utility Bill which shows your exact address of where you reside, that way you can't come up with some fake identity or some fake residency address to use for money laundering.

All regulated Indices brokers must adhere with this requirement before opening a trading account for a new customer.

Now once you've scanned or taken pictures of these Indices account opening forms:

2. Proof of ID - Color copy of ID card or Passport

3. Proof of Residency - Color copy of utility bill, electricity bill etc. (bill with recent date, within the last six months).

Upload above forms in addition to the above document coloured copies, you can also use your mobile phone camera to take colour pictures of above documents, then download the pictures from your phone to your computer & then upload these pictures from your computer.

Once your online currency broker gets the online Indices account opening application forms plus the above documents, your application will be processed and you'll be assigned a login number & a login password for the live Indices account.

Once you upload these docs your account then will be validated. Your login details will be sent to your email address. An illustration of a validated account is displayed below:

This is K.Y.C - Know Your Customer, it's more of a legal prerequisite requirement than a formality, your online broker must adhere to this policy & try to do everything to know who their client is, in order and so as to safeguard against any money laundering activity.

You can then use your credentials to log into your MT4 platform & start trading on this validated account. You also can use the same sign in details to login to your client cabin on the Indices broker website. On the client cabin you can deposit money, withdraw money and view reports of your broker account.

Step by Step Procedure of How to Open an Online Indices Account

To open this trading account, a trader has to fill some online forms provided by a Indices broker. The account opening online form can be obtained from your online currency broker.

Process of registering a real Indices account is one that the broker will also require you to upload the following supporting documents:

What Documents Are Needed To Sign Up An Online Indices Account?

1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or any other official Identity document issued by authorities (e.g. Driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, client's place & date of birth or tax identification number and the client's signature.

2. Proof of Residence - Recent dated utility bill (for example. Gas, water, electricity, phone, oil, Internet and/or pay TV connection, bank account statement) dated within last 6 months and confirming your registered residence address location.

You can use your mobile to take pictures of these docs and upload then directly from your phone(this is the best option). Alternatively use your digital camera, upload the snapshots to your PC Desktop computer then upload these saved documents to your account

To Find where to upload these documents look for the option 'Upload Docs'. Please note after registering your account it'll not get validated until you have completed uploading these accompanying docs.

Please note if you do not upload the above documents your account will not be validated/verified - Make sure you upload the above documents to get your account validated. More than 50% of all new traders don't succeed in opening their account because they fail to upload the required accompanying documents. If you correctly upload all the required documents then your account will be validated and you can start trading with your account within 5 minutes. Just take a color picture of these 2 documents with your smart phone and upload these directly to your broker website using your mobile browser.

Why is a Copy of Identity Card & Utility Bill with My Names Needed?

These docs are required by your online broker to safeguard against any money laundry. AML, or Anti Money Laundry Rule require that all brokers ask proof of ID and Residence Address with your full names so as to certify that you're a resident citizen of the country you say you're from & also a Utility Bill which shows your exact address of where you reside, that way you can not come up with some fake identity or fake residency address to use for money laundering.

All regulated Indices brokers must comply and adhere with this requirement before opening a trading account for a new customer.

Once your online currency broker gets these online account opening application forms plus the above documents, your application will be processed and you'll be assigned a login number & a password for the live Indices account.

Once the up-loaded documents are validated by your broker - your account then will be validated. Your login details will be sent to your email address. An illustration of a validated account is displayed below:

This is K.Y.C - Know Your Customer, it's more of a legal prerequisite requirement than a mere formality, your broker must adhere to this policy and try to do everything to know who their client is, in order and so as to safeguard against any money laundry activity.

You can then use your credentials to log into your MetaTrader 4 platform & begin trading on this validated account. You also can use the same sign in details to login to your client cabin on the Index broker website. On the trader cabinet you can deposit money, withdraw money & view reports of your online broker account.

  1. Australia ASX200

    Symbol - AUS200Cash

    Pip(1 Point) - 0.1

    Pips Size - AUD 0.1

    Margin Per Lot - AUD 70

  2. EU EURO STOXX

    Symbol - EU 50Cash

    Pip(1 Point) - 0.1

    Pips Size - EUR 0.1

    Margin Per Lot - EUR 40

  3. France CAC40

    Symbol - FRA40Cash

    Pip(1 Point) - 0.1

    Pips Size - EUR 0.1

    Margin Per Lot - EUR 40

  4. Germany DAX30

    Symbol - GER 30Cash

    Pip(1 Point) - 0.1

    Pips Size - EUR 0.1

    Margin Per Lot - EUR 85

  5. Hong Kong HangSeng 50

    Symbol - HK 50Cash

    Pip(1 Point) - 1

    Pips Size - HKD 1

    Margin Per Lot - HKD 450

  6. Italy FTSEMIB40

    Symbol - IT40Cash

    Pip(1 Point) - 1

    Pips Size - EUR 1

    Margin Per Lot - EUR 250

  7. Japan Nikkei225

    Symbol - JP 225Cash

    Pip(1 Point) - 1

    Pips Size - JPY 1

    Margin Per Lot - JPY 90

  8. Netherlands AEX25

    Symbol - NETH25Cash

    Pip(1 Point) - 0.1

    Pips Size - EUR 0.1

    Margin Per Lot - EUR 5

  9. Spain IBEX-35

    Symbol - SPAIN 35Cash

    Pip(1 Point) - 1

    Pips Size - EUR 1

    Margin Per Lot - EUR 140

  10. Switzerland SMI 20

    Symbol - SWI20Cash

    Pip(1 Point) - 0.5

    Pips Size - CHF 0.5

    Margin Per Lot - CHF 100

  11. UK FTSE 100

    Symbol - UK100Cash

    Pip(1 Point) - 0.1

    Pips Value - GBP 0.1

    Margin Per Lot - GBP 70

  12. USA S&5 500

    Symbol - USA 100Cash

    Pip(1 Point) - 0.1

    Pips Size - $0.1 dollars

    Margin Per Lot - $30

  13. USA NASDAQ 100

    Symbol - USA 30Cash

    Pip(1 Point) - 0.5

    Pips Size - $ 0.5

    Margin Per Lot - $150 dollars

  14. USA DowJones30

    Symbol - US 500Cash

    Pip(1 Point) - 0.1

    Pips Size - $0.1 dollars

    Margin Per Lot - $12

Market Hours

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MT4 Server time - GMT +2 (All Times Below are GMT +2)

INDICES InstrumentMonday OpenFriday Close
Australia 2001:0522:55
EU Stocks 509:0522:55
France 401:0523:00
Germany 301:0523:00
Hong Kong 503:2017:40
Italy 4010:0518:35
Japan 2251:0523:55
Netherlands 251:0523:10
Spain 3510:0520:55
Switzerland 209:0522:55
UK 1001:0523:10
US5001:0523:55
USA Tec 1001:0523:55
WallStreet301:0523:55

Learn More Lessons & Topics:

Forex Traders Seminar Gala

Forex Trading Seminar

Indices Broker